Chile: Market for Sulphates Of Barium Or Aluminium 2024

Market Size for Sulphates Of Barium Or Aluminium in Chile

In 2022, the Chilean barium or aluminium sulphates market decreased by -6.4% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Barium or aluminium sulphates consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Sulphates Of Barium Or Aluminium in Chile

In value terms, barium or aluminium sulphates production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when the production volume increased by 30%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Exports of Sulphates Of Barium Or Aluminium

Exports from Chile

Barium or aluminium sulphates exports from Chile shrank notably to X tons in 2022, with a decrease of -15.8% against 2021. Over the period under review, exports faced a dramatic descent. The pace of growth was the most pronounced in 2018 when exports increased by 254%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, barium or aluminium sulphates exports shrank to $X in 2022. In general, exports faced a precipitous decrease. The growth pace was the most rapid in 2018 when exports increased by 222% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X tons) was the main destination for barium or aluminium sulphates exports from Chile, with a 100% share of total exports. It was followed by Peru (X kg), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Bolivia totaled +28.9%.

In value terms, Bolivia ($X) remains the key foreign market for sulphates of barium or aluminium exports from Chile, comprising 100% of total exports. The second position in the ranking was held by Peru ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Bolivia amounted to +25.1%.

Export Prices by Country

In 2022, the average barium or aluminium sulphates export price amounted to $X per ton, increasing by 9.6% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, barium or aluminium sulphates export price increased by +88.7% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 44% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Peru stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Argentina (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sulphates Of Barium Or Aluminium

Imports into Chile

In 2022, the amount of sulphates of barium or aluminium imported into Chile shrank rapidly to X tons, reducing by -24% on 2021 figures. In general, imports, however, posted moderate growth. The growth pace was the most rapid in 2015 with an increase of 64%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, barium or aluminium sulphates imports shrank to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 32%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of barium or aluminium sulphates to Chile, accounting for a 83% share of total imports. Moreover, barium or aluminium sulphates imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold. The third position in this ranking was held by Sweden (X tons), with a 3.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+171.4% per year) and Sweden (-6.9% per year).

In value terms, China ($X) constituted the largest supplier of sulphates of barium or aluminium to Chile, comprising 75% of total imports. The second position in the ranking was held by Mexico ($X), with a 12% share of total imports. It was followed by the United States, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+115.5% per year) and the United States (+43.6% per year).

Import Prices by Country

The average barium or aluminium sulphates import price stood at $X per ton in 2022, with an increase of 24% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 41% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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